In an eagerly anticipated move, Shibarium ID, a startup dedicated to building a platform for .shib domain names, has announced its forthcoming launch, expected as early as next month. This innovative platform will be seamlessly integrated with Shiba Inu’s newly launched Shibarium network, marking a significant milestone as one of the pioneering Web3 domain trading platforms to support layer-2 solutions.
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@ShibariumID is officially launching in late October.
We're here to help transform the entire $SHIB ecosystem. pic.twitter.com/DVm0ZtJzW7
— ShibariumID | #1 Platform for .shib Domains (@ShibariumID) September 27, 2023
Backing from Proof of Human
Shibarium ID boasts backing from Proof of Human, a venture capital company based in Wyoming, with a specialized focus on investments in digital identity startups. The overarching goal of Proof of Human is to create a “Sybil-proof experience across all digital platforms.”
Features and Functionality
As outlined by Shibarium ID’s profile, the platform will offer a comprehensive suite of features, including:
- Domain Management: Users can register, renew, and manage .shib domain listings.
- Trading and Negotiation: The platform facilitates the review of offers and the acceptance of bids for domain names.
- Referral Program: Shibarium ID will provide a referral program for users to earn additional rewards by bringing new participants to the platform.
Expanding Beyond .shib Domains
While Shibarium ID derives its name from the Shiba Inu ecosystem, it has ambitious plans to support Web3 domains on multiple networks. This expansion includes domains on Ethereum (.eth), BNB Chain (.bnb), and Arbitrum (.arb). The long-term vision is to build a “universal name service network,” with Shibarium at the forefront.
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Shibarium ID is not just focused on domain trading but also on giving back to the Shibarium ecosystem. The platform intends to distribute referral fees in BONE tokens and allocate a portion of the fees generated from each domain sale to support SHIB-related initiatives. These commitments encompass contributions to SHIB Burns, Doggy DAO, and other charitable donations.
Enhancing the Shibarium Experience
The addition of Shibarium ID to the Shibarium network enriches the ecosystem, offering users another decentralized application (dApp) to explore within the newly launched network. This development aligns with the broader efforts to bolster Shiba Inu’s offerings and community engagement.
In a parallel development, The Crypto Basic has reported the impending release of the Shiba Hub app, designed to complement existing Shiba Inu offerings. These strategic moves underscore Shiba Inu’s commitment to expanding its ecosystem and providing a wide array of services and applications to its growing community of users.
The forthcoming launch of Shibarium ID and its integration with the Shibarium network promises to be a significant step forward for Shiba Inu’s ecosystem. It heralds the era of Web3 domain trading and further solidifies the project’s dedication to innovation and community support. Stay tuned for more updates as this exciting development unfolds.